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consultations with that Party on such matters. Such request shall be accorded<br />

sympathetic consideration.<br />

3. The provisions of Chapter 14 (Dispute Settlement) shall not apply to any<br />

requests made or consultations held under the provisions of this Article or to any<br />

disputes that may arise <strong>between</strong> the Parties out of, or under, the provisions of this<br />

Article.<br />

Article 8.15<br />

Payments and Transfers<br />

1. Except under the circumstances envisaged in Article 12.4 (Measures to<br />

Safeguard the Balance of Payments) a Party shall not apply restrictions on<br />

international transfers and payments for current transactions relating to its specific<br />

commitments.<br />

2. Nothing in this Chapter shall affect the rights and obligations of the Parties as<br />

members of the International Monetary Fund under the Articles of Agreement of the<br />

Fund, including the use of exchange actions which are in conformity with the Articles<br />

of Agreement, provided that a Party shall not impose restrictions on any capital<br />

transactions inconsistently with its specific commitments regarding such<br />

transactions, except under Article 12.4 (Measures to Safeguard the Balance of<br />

Payments) or at the request of the Fund.<br />

Article 8.16<br />

Denial of Benefits<br />

1. Subject to prior notification and consultation, a Party may deny the benefits of<br />

this Chapter:<br />

(a) to the supply of a service, if it establishes that the service is supplied<br />

from or in the territory of a country that is not a Party to this Agreement;<br />

(b) in the case of the supply of a maritime transport service, if it establishes<br />

that the service is supplied:<br />

(i) by a vessel registered under the laws of a non-Party; and<br />

(ii) by a person which operates and/or uses the vessel in whole or in<br />

part but which is of a non-Party;<br />

(c) to the supply of a service from or in the territory of the other Party, if the<br />

Party establishes that the service is supplied by a service supplier that<br />

is owned or controlled by a person of a non-Party and the denying<br />

Party:<br />

(i) does not maintain diplomatic relations with the non-Party; or<br />

(ii) adopts or maintains measures with respect to the non-Party that<br />

prohibit transactions with the juridical person, or through other<br />

58

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